Quick Comparison
| Feature | Saxo Bank | Interactive Brokers |
|---|---|---|
| Rating | ⭐ 4.7/5 | ⭐ 4.7/5 |
| Spreads | From 0.6 pips | From 0.1 pips |
| Regulation | FCA, ASIC, DFSA, MAS | FCA, SEC, CFTC, ASIC, MAS |
| Min. Deposit | $0 | $0 |
| Platforms | SaxoTraderGO, SaxoTraderPRO | TWS, IBKR Mobile, Client Portal |
Detailed Analysis
Two premium multi-asset brokers for sophisticated investors. Both offer stocks, bonds, options, futures, and forex from a single account.
Spreads & Trading Costs
Saxo Bank offers spreads from From 0.6 pips, while Interactive Brokers starts from From 0.1 pips. For active traders, even small spread differences compound significantly over thousands of trades.
Regulation & Safety
Saxo Bank is regulated by FCA, ASIC, DFSA, MAS. Interactive Brokers holds licenses from FCA, SEC, CFTC, ASIC, MAS. Both provide segregated client funds and negative balance protection for retail clients.
Trading Platforms
Saxo Bank offers SaxoTraderGO, SaxoTraderPRO, while Interactive Brokers provides TWS, IBKR Mobile, Client Portal. Platform choice often depends on whether you use Expert Advisors or automated strategies.
Minimum Deposit
Saxo Bank requires $0, compared to $0 for Interactive Brokers. Lower minimums make it easier to start, but don't mistake minimum deposit for recommended starting capital.
Our Verdict
The Bottom Line
Interactive Brokers wins on pricing and global market access. Saxo Bank offers the superior user experience and better-designed platforms for most traders.
Read Full Reviews
Saxo Bank
Full in-depth review with detailed analysis of features, fees, and trading conditions.
Read Saxo Bank Review →Interactive Brokers
Complete review covering regulation, platforms, costs, and our expert verdict.
Read Interactive Brokers Review →Not Sure Which Broker Is Right for You?
Our AI analyses your trading profile to find the best match from 165+ brokers — it might be one of these, or something different entirely.